Leading auction houses worldwide as of July 2014, by contemporary art auction revenue
Auction houses worldwide – additional information
Christie’s and Sotheby’s are the largest fine art auction houses in the world. In a distribution of Christie’s and Sotheby’s auction sales worldwide in 2012 and 2013, by category, contemporary art sales, which refer to works produced during the present, have dominated over any other genre with a 41 percent share of auction sales in 2012 and a slightly higher share of 44 percent in 2013. Second to contemporary sales at Christie’s and Sotheby’s, come the sales of Impressionist and Modern art works which held a 28 percent share of worldwide sales in 2012 and a 27 percent share of auction sales a year later. Chinese Art and Old Masters sales are also important genre auction sales for the two auction houses.
Although Christie’s and Sotheby’s may attract high profile sales, they are not the only auction houses to perform well in the auction market. Between 2007 and 2013, selected auction houses across the globe were measured in order to determine those with the largest increase in global art sales. Koller Auction’s in Zurich, Switzerland, held its first auction in 1960. In 2007, it reported sales of 1.61 million U.S. dollars. By 2013, this sales figure had grown to 82.68 million U.S. dollars. These figures result in an increase of 5,022 percent, more than any other auction house on the list which included auction houses in China, France and Turkey.
The global auction market also has its share of underachievers. During the same time period of 2007 and 2013, auction houses across the globe were scrutinized in order to determine those with the largest decline in art sales. Aside from smaller auction houses, such as Joyner Waddington’s in Canada and Blomqvist Kunsthandel in Norway, two of Christie’s branches were included in the list of auction houses with large declines. Christie’s Milan, reported sales of 42.95 million U.S. dollars in 2007 and by 2013 this figure had decreased to 11 million U.S. dollars. Christie’s Zurich sales were also at 11 million U.S. dollars in 2013, a decrease from 37.48 million U.S. dollars from 2007.